Paul Murphy (Dublin South West, RISE) | Oireachtas source

I hope the Parliament will adopt a strong position and in trilogue this will be strengthened again and the financial sector will be brought back in. If not, that creates a danger, as the Minister of State himself pointed out, of a patchwork of different regulations in different countries. That is against the whole purpose of the EU and also creates pressure for a race to the bottom because investors may locate in countries where they are not going to be held responsible for what is happening lower down the value chain. Let us say that does not happen and the Council's position on the financial sector is what is ultimately adopted. In that case, will the Government give a commitment it will include the financial sector and that it will not take the option that may be open to it of not including the sector? Ireland could create a good example by saying it is going for a high level of responsibility and that finance will be included in this country.

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